? Daily Crypto News, September, 9th?

  • Crypto Exchange Binance.US to Launch ‘in the Coming Weeks’ ;
  • What (Most) Bitcoiners Love About Austrian Economics ;
  • Crypto and the Latency Arms Race: Towards Speed Bumps and OTC Trading ;
  • World’s ‘First’ Blockchain Smartphone to Become Available in New Market ;
  • Bitcoin Price: Will Another Drop Below $10K Open the Door to $8.5K? ;
  • ? Daily Crypto Calendar, September, 9th?
  • STEEM Trading Update

Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!

? Crypto Exchange Binance.US to Launch ‘in the Coming Weeks’

Major cryptocurrency exchange Binance’s United States-based branch Binance.US will launch in the coming weeks, preceded by Know Your Customer (KYC) registration a few days earlier.


According to a Medium post published by Binance.US on Sept. 6, while the launch of the trading platform itself is expected in the following weeks, KYC onboarding will start a few days earlier. The aim of this is to ensure that users will have time to verify their accounts and deposit their funds.

?What (Most) Bitcoiners Love About Austrian Economics

Bitcoin is an innovative amalgamation of pre-existing technologies and the creation of new ones that has lead to an entirely new form of money. However, for many, the support for the world’s first digital currency is based primarily on ideological preferences.


In this article, you will discover why a significant amount of Bitcoiners also love Austrian Economics.


What is Austrian Economics?
Austrian Economics is a school of thought that originated in Vienna, Austria. Though influenced by works from earlier times, the work considered to be the foundation of this economic school of thought is Carl Menger’s 1871 book ‘Principles of Economics.’ In 1949, another notable name within the Austrian school, Ludwig Mises, published the book ‘Nationalokonomie,’ which provides an overview of the principles governing the economists who identify under this label.

At the time of its publication, Mises’s book was received unfavorably by other leading economists who had already made a turn towards Keynesian economics, following the devastating effects of the world wars. Austrian Economics was losing the ideological war, with Keynesian Economics significantly influencing global economics especially after the Bretton Woods Conference of 1944 where the International Monetary Fund (IMF) was created. The IMF played a major role in the global post-war monetary system, establishing gold and the dollar as the standard and greatly influencing the U.S.’s position in global politics.

? Crypto and the Latency Arms Race: Towards Speed Bumps and OTC Trading

Matthew Trudeau, chief strategy officer of ErisX, offered a thoughtful response last month to a CoinDesk article about high-frequency trading in crypto. In short, CoinDesk reported that features linked to high-frequency trading in conventional markets were making an entry on crypto exchanges and that this might be bad news for retail investors.


While I agree with Trudeau that, in general, “automated market making and arbitrage strategies create greater efficiency in the market,” I disagree with his assertion that applying the conventional markets’ microstructure blueprint will improve liquidity in crypto.


I will explain below that, pushed to their limit, the benefits of speed brought about by electronification actually impair market liquidity as they morph into latency arbitrage. It is inevitable that crypto markets become much faster, but there is a significant risk that some exchanges overshoot and end up hurting their customer base, re-learning the lessons of the conventional latency wars a little too late. Those who do will lose market share to electronic OTC liquidity providers and alternative microstructures, which I will present in this introductory post.


? World’s ‘First’ Blockchain Smartphone to Become Available in New Market

Finney, the world’s purportedly first blockchain-enabled smartphone, will soon be available for purchase in Bangladesh.
According to a report by local newspaper The Daily Star on Sept. 9, the Bangladesh Telecommunication Regulatory

Commission approved the phone for import in August and it will be available on the Bangladeshi market in October.


Mobile Phones in Bangladesh
Finney’s launch in Bangladesh comes amid a trend of growing smartphone ownership in the country. According to a 2018 report from global research firm GSMA Intelligence, by 2025, 75% of the population (138 million) will have smartphones, while 41% (73 million) will be mobile internet subscribers.

Per GSMA, the increasingly urbanized population has been buying more smartphones as cheaper devices come to market, and in this regard, Finney’s price is more comparable with high-end phones available in Bangladesh. Finney debuted last year with a cost of $999, while the Samsung Galaxy S10 is available on local phone market MobileDokan for 74,900 taka ($894). 

? Bitcoin Price: Will Another Drop Below $10K Open the Door to $8.5K?

Last Friday Bitcoin (BTC) price marched within just a few dollars reach of $11,000 and it seemed that the weekend would be a bullish one. The top digital asset was on the verge of leaping over the descending trendline of the massive wedge. A mysterious $1 billion Bitcoin transfer spotted by Whale Alert had some speculating that a whale or an institutional investor was moving funds into Bakkt’s custody service. 


Shortly after topping out at $10,938, Bitcoin sharply reversed course and traders were left to speculate whether Federal Reserve Chairman Jerome Powell’s Bitcoin comments put a damper of the bullish price action. Or perhaps the advent of Bakkt’s (physically delivered) Bitcoin futures contracts was repeating the CBOE/CME Bitcoin futures product that launched to much hype right at the peak of the 2017 monster rally. 


Let’s take a look at the current price action and see if we can determine what Bitcoin is up to.


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? Daily Crypto Calendar, September, 9th?

VEX (VEX/KRW, VEX/USDT) trading pairs. Deposits starting from Monday, 15:00 KST. Available for trading from Wednesday, 15:00 KST.

“Eager to learn more about @ConfluxChain & our partnership? Join our AMA with them on Sep.9 at 4pm (GMT+7)”

“Equal will be burning 12 million EQL in the third phase of the burn cycle.”

“Our new fee structure begins September 9th, and offers fee reductions for holding as little as 50 MTL…”

“On 9th September, Zilliqa and @Infinito_Ltd look forward to hosting a joint AMA .”

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STEEM Trading Update by my friend @cryptopassion

Here is the chart of yersterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

So as expected and predicted yesterday, we didn’t go test the 0.18$ before that the drop came back. We should go now in the direction of the lows on the STEEM. It is possible that we move in range between 0.18$ and 0.155$ before a break out in one direction. Let’s hope it won’t be a new drop and so a new low…

image.png

Last Updates

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Join this new Free To Play on the STEEM Platform !

What a view

Early Saturday morning, I had woken up, could not sleep. It has been a very long week where I had worked pretty much 16 hour days all week, then we attended a festival on Friday night.

Even as tired as I was I could not sleep. So I got up, made myself a cup of coffee and decided to go set outside on our terrace and take in the view.

I took the above photo with my phone, so had to point it away from the sun, because of this you are missing the part I was most taken with, the sun was filtering through the trees, it looked amazing!

Not too long ago I would have looked out of my window at a street, not ugly as it was in a village with many old buildings, I just am so thankful that I get to live in a house with so many trees around me.

Later that day I took my eldest son and went to go see the Caramulo motor festival at the Caramulo car museum and got to see many cars and bikes I have never seen before here in Portugal.

Crypto Contest September 9: Status Report XXXII

In this report I will look how my analysis worked for the month of July 2019. There were 31 contests in July. I have already paid out / upvoted all of them. The analysis was correct six times, wrong 11 times and the cryptocurrency was in a range 14 times.

The correct ones were the following:

  1. Crypto Contest July 11: Ankr Network
  2. Crypto Contest July 12: Ren
  3. Crypto Contest July 20: UnlimitedIP
  4. Crypto Contest July 22: Dusk Network
  5. Crypto Contest July 30: Cryptaur
  6. Crypto Contest July 31: MediBloc

In these contests the range option won:

  1. Crypto Contest July 1: iExec RLC
  2. Crypto Contest July 3: XMax
  3. Crypto Contest July 4: Synthetix Network Token
  4. Crypto Contest July 5: Yuan Chain Coin
  5. Crypto Contest July 6: Status Report XXX
  6. Crypto Contest July 7: Digitex Futures
  7. Crypto Contest July 13: Elrond
  8. Crypto Contest July 14: Acute Angle Cloud
  9. Crypto Contest July 15: Hxro
  10. Crypto Contest July 17: InvestDigital
  11. Crypto Contest July 18: Origo
  12. Crypto Contest July 21: Aeon
  13. Crypto Contest July 27: Clams
  14. Crypto Contest July 28: Abyss Token

In these contests the analysis was wrong:

  1. Crypto Contest July 2: Standard Tokenization Protocol
  2. Crypto Contest July 8: GXChain
  3. Crypto Contest July 9: ZB
  4. Crypto Contest July 10: Fantom
  5. Crypto Contest July 16: PTON
  6. Crypto Contest July 19: Genaro Network
  7. Crypto Contest July 23: Revain
  8. Crypto Contest July 24: Fusion
  9. Crypto Contest July 25: Maecenas
  10. Crypto Contest July 26: FOAM
  11. Crypto Contest July 29: Blue Whale EXchange

How did the previous months’ analysis go?

From April 1, 2017 to July 31, 2019, the analysis has been correct 175 times, wrong 181 times, and the cryptocurrency has been in a range 460 times.

How did the voters do in July 2019?

The voters (the most qualified votes (group or consensus)) were right 17 out of 31 times. So one could say that the crowd was right 55% of time.

Here is the list of contests that the most qualified votes (crowd) won:

  1. Crypto Contest July 1: iExec RLC
  2. Crypto Contest July 3: XMax
  3. Crypto Contest July 4: Synthetix Network Token
  4. Crypto Contest July 5: Yuan Chain Coin
  5. Crypto Contest July 6: Status Report XXX
  6. Crypto Contest July 7: Digitex Futures
  7. Crypto Contest July 13: Elrond
  8. Crypto Contest July 14: Acute Angle Cloud
  9. Crypto Contest July 15: Hxro
  10. Crypto Contest July 17: InvestDigital
  11. Crypto Contest July 18: Origo
  12. Crypto Contest July 19: Genaro Network
  13. Crypto Contest July 21: Aeon
  14. Crypto Contest July 23: Revain
  15. Crypto Contest July 25: Maecenas
  16. Crypto Contest July 27: Clams
  17. Crypto Contest July 28: Abyss Token

How did the voters do earlier?

Here is a table of crowd’s accuracy since February 2018.

July was the third worst month for this year so far.

Conclusion

Congratulations to the winners!

How can I vote? Where is the contest?

You can vote by following this link.

De Gea has not kept a Clean sheet since the opening of the Epl

Since we started the epl, Manchester Unite goal keeper De Gea has not kept a clean sheet for his team always his conceed a goal. Due to that will he be tranfered to another team or not since he has singed a new contract with Manchester United. The news circulating now is Juventus want to sing De Gea on a loan transfer. If the offer proceed it will be difficult for Manchester United because they dont have a good keeper at the bench. So I dont think this move/ transfer will be up. Have a good night.

Salah And Mane not in Good terms

Hello everyone, I have been off for a while but am back. During the last match of Liverpool, Salah had a ball that he could have given to Mane to score but he decided to dribble and score it by himself but it didnt workout. So the news was that Salah and Mane had an arguement in the dressing room so they were not in good terms when they came to the pitch. That was the reason why Salah didnt pass Mane the ball to score. Now there has been a comparison of Salah to Messi and people are saying if Salah stop the selfishness he will be able to play like Messi and even beat him but because he is selfish he cant. So he better stop. Thank you for your time, this is just a short sports news.

Ethical Stock Investment To Launch On New York Stock Exchange

Ethical Stock Investment To Launch On New York Stock Exchange (PlantbasedNews)

  • Beyond Investing is launching the US Vegan Climate Exchange Traded Fund (VGN ETF) on the New York Stock Exchange on September 10th.
  • The ETF is targeted at vegans looking for climate-conscious investments and is constructed by taking “the Solactive US Large Cap index (a proxy for the S&P 500 Index) and [excluding] any stocks whose activities are incompatible with a vegan and climate-conscious approach to investing, replacing damaging stocks with midcap alternatives that meet its ethical criteria.”

Analysis and Comments

  • Flows to ESG and sustainability-focused funds have spiked this year, as investors continue to focus on the investment opportunities that address issues such as climate change, (plastics) pollution, or gender pay disparities.
  • Therefore, you should expect to see continued growth in the number of investment instruments focused on these issues, particularly as worries around uncompetitive “stranded assets” intensify.



? Daily Crypto News, September, 8th?

  • Telegram Finally Releases Code for Its $1.7 Billion TON Blockchain ;
  • Ledger Live Now Supports Over 1,250 Ethereum-Based ERC-20 Tokens ;
  • Bitcoin Price Near $10,500 as Ether and Other Altcoins Make Gains ;
  • Jack Dorsey: Twitter Has No Interest in Creating Libra-Like Crypt ;
  • Confusion over Cryptojacking: reports say the technique is rising and falling ;
  • ? Daily Crypto Calendar, September, 8th?
  • STEEM Trading Update

Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!

? Telegram Finally Releases Code for Its $1.7 Billion TON Blockchain

Telegram’s blockchain project, TON, has entered the last preparation stage before going live.
The code for running a blockchain node was released on the test network portal late Friday. Now developers and community members interested in the messaging app provider’s blockchain can start kicking the tires of a full node, a validator node and the blockchain explorer.


The release had been previously scheduled for Sept. 1, according to the sources familiar with the project’s progress, but was delayed a few days for unclear reasons.

? Ledger Live Now Supports Over 1,250 Ethereum-Based ERC-20 Tokens

French hardware wallets manufacturer Ledger announced that its cryptocurrency management software Ledger Live now supports Ethereum (ETH) ERC-20 tokens.


In a blog post published on Sept. 5, Ledger announced the version 1.14.0 of its Ledger Live software that now supports over 1,250 Ethereum-based ERC-20 tokens. The update has already been released for both mobile and desktop versions of the software.

? Bitcoin Price Near $10,500 as Ether and Other Altcoins Make Gains

Saturday, Sept. 7 — Bitcoin (BTC) is trading sideways after falling short of the resistance at $11,000 yesterday, while Ether (ETH) is making a slight recovery from its dip earlier this week


Market visualization. Source: Coin360

Bitcoin has been trading in a range around $10,400 today. Yesterday it appeared that the coin would finally cross the $11,000 mark, a price the cryptocurrency has not seen since Aug. 13, but it fell short and corrected down to $10,313. At press time the coin is trading at $10,521, up 1% on the day.

? Jack Dorsey: Twitter Has No Interest in Creating Libra-Like Crypto

Twitter and Square CEO Jack Dorsey stated that there are no plans for a platform-specific “Twitcoin” cryptocurrency, noting that he will instead focus on promoting Bitcoin (BTC).


Open standards are better
According to Australian news outlet The Sydney Morning Herald’s article published on Sept. 5, Dorsey is confident that Bitcoin is still the most likely candidate to beсome the internet’s native currency. Twitter CEO noted:
“I think open internet standards serve every person better than ones controlled or started by companies.”

? Confusion over Cryptojacking: reports say the technique is rising and falling

 It seems like everyone and their dog is a cryptojacker these days. Just a couple days ago, the US Department of Justice charged Paige Thompson, the ex-Amazon employee who hacked into hundreds of millions of customer accounts from credit card company Capital, with the crime.

Thompson was exploiting the computing services of cloud servers to mine crypto, making a tidy profit. 


And “cybergendarmes,” the French police’s crack cybersecurity team, just rumbled a hacking group that used a network of 850,000 computers to mine the cryptocurrency Monero, reports the BBC.  

It comes as no surprise, then, to hear that cybersecurity researchers from McAfee Labs just found that crypto-jacking campaigns have risen 29 percent, according to a report released this week.

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? Daily Crypto Calendar, September, 8th?

The Crypto School win burn 6000 TCS.

VEX (VEX/KRW, VEX/USDT) trading pairs. Deposits starting from Monday, 15:00 KST. Available for trading from Wednesday, 15:00 KST.

“Equal will be burning 12 million EQL in the third phase of the burn cycle.”

“Our new fee structure begins September 9th, and offers fee reductions for holding as little as 50 MTL…”

“On 9th September, Zilliqa and @Infinito_Ltd look forward to hosting a joint AMA .”

image.png

STEEM Trading Update by my friend @cryptopassion

Here is the chart of yersterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

The STEEM is doing a similar pattern than the BTC but I’m not sure that we will be able to go test the 0.18$. We drop litte bit too much compared to BTC (as it is often the case) and so that resistance level is still quiet far. If the BTC starts again to correct, I expect that we won’t test at all the 0.18$ resistance and that the drop will come back on the STEEM also.

image.png

Last Updates

image.png

Join this new Free To Play on the STEEM Platform !



Crypto Contest September 8: CoinMeet

CoinMeet (Huobi: MEETBTC) has broken out of the triangle pattern in the four-hour chart.

(Chart courtesy of Tradingview.com (log scale))

Elliott Wave Analysis

In Elliott Wave terms, CoinMeet began a wave one advance on June 27. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on August 20, and the red wave two (blue sub-waves a-b-c) correction ended on September 4. If this wave count is correct, CoinMeet should be heading next towards the August 20 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))

Funnymentals

CoinMeet is building a blockchain ecosystem focusing on digital assets, digital identity and digital socializing. You can read their white paper here.

(Sources: CoinMeet and White Paper)

How can I vote? Where is the contest?

You can vote by following this link.

The Sunday Recap – Down the Rabbit Hole 45

Down, up, down – trading in a range – you get the picture. The cryptosphere itself has fortunately proven much more interesting than the price action. Lots going on and more than enough competing narratives to chew on. Twitter was on fire – included are only a fraction of the interesting discussions/observations of the last week or so.


Picks of the Week

A tour of the educational landscape of crypto in 2019 is of particular interest as is the sprawling podcast discussion of Austrian economics and Bitcoin.


Twitter

Crypto is impossible to predict bar predicting it’s going to matter:
https://twitter.com/HabichtJonathan/status/1167781482447945728

A dismissal of BTC dominance as measured against Alts:
https://twitter.com/Mandrik/status/1168708515323678721

BTC changes your spending behaviour:
https://twitter.com/pierre_rochard/status/1169332552856825856

A paean to Bitcoin:
https://twitter.com/MiguelCuneta/status/1168532740880265216

LTC – why?
https://twitter.com/PsychedelicBart/status/1167795185797017600

A conflation of coffee addiction and current macro economic policy – why not?:
https://twitter.com/cryptojoeinvest/status/1168298296588328960

A compelling opportunity before us?:
https://twitter.com/BitcoinTina/status/1168140812951195649

While an extreme position – there’s a degree of truth here too:
https://twitter.com/hodloncomrades/status/1168285790230548480


Articles

A detailed review of crypto in the world of education (highly recommended):
https://blog.coinbase.com/highereducation-c4fb40ecbc0e

Bitcoin quietly hitting some important security milestones:
https://medium.com/federman-capital/stop-obsessing-about-price-bitcoin-today-is-stronger-than-ever-49c6aef4d31d

Why do we need more than one blockchain or indeed many?:
https://www.forbes.com/sites/matthougan/2019/08/28/beyond-bitcoin-why-there-will-be-more-than-one-successful-cryptoasset/#83883b27b6e7

Binance the Octopus:
https://www.thedailychain.com/will-binance-become-the-cryptocurrency-one-stop-shop/

A 2019 survey of blockchains:
https://news.bitcoin.com/whats-being-built-and-whats-not-on-2019s-smart-contract-blockchains/

Currency controls – crypto anyone?:
https://finance.yahoo.com/news/argentina-imposes-currency-controls-debt-175803406.html

A rough road ahead for millennials (non-crypto specific)?:
https://medium.com/utopiapress/the-2020-recession-will-be-brutal-to-millennials-ddd9feae2598


Podcast

Slow to warm-up but a fascinating discussion of Austrian economics, Bitcoin, and Libertarianism – lots to think on (highly recommended):

https://podcasts.apple.com/au/podcast/stephan-livera-on-austrian-economics-libertarianism/id1317356120?i=1000447615002


YouTube

Negative bond yields – a brief explanation of why you might buy them (recommended):


Perhaps this is why you might hold ADA with a 10yr horizon but not too much (recommended):


Decentralized Autonomous Companies (DACs) explained (recommended):


So what is blockchain hashing? (recommended):


Cause sometimes you gotta laugh at/with crypto if you are going to enjoy the ride:


Infographics

That’s a whole lot of selling into the market however you spin it:

https://twitter.com/mdudas/status/1167086846058336257/photo/1


Once you lose fiat value it’s tough to regain it:

https://twitter.com/krugermacro/status/1168324499168735232/photo/1


Website / Utility

Ready for a deep dive into Austrian economics? If so, this site is a great place to start:

https://mises.org/


Once again, I learned a lot this last week down the crypto rabbit hole. As always, looking forward to your comments and suggestions.


Note on Sources:

Twitter & Reddit (cryptos current meta-brains) / Medium / Trybe / Hackernoon / Whaleshares / TIMM and so on/ YouTube / various podcasts and whatever else I stumble upon. The aim is a useful weekly aggregator of ideas rather than news. Though I try to keep the sources current – I’ll reference these articles and podcasts etc. as I encounter them – they may have been published just a couple of days ago or in some cases quite a bit earlier.


THETA technical analysis

THETA seen from the temporality of 1D we can see how the structure of candles has formed the figure of a symmetrical triangle, the minima are being higher and higher while the maxima are being lower and lower, in simple terms this means that the buying force is increasing compared to the selling force, which in most cases, this ends up breaking the bullish figure.

The current candle is finding demand in the support located at 0.10790, it does not seem to be a very strong support, so the price could fall to the support diagonally forming a third touch that would be a great signal to buy, for the price to continue rising will have to recover the support mentioned above in case the price falls, in the chart I have indicated our first target located at 0.15072.

In conclusion, THETA presents a good figure to offer us gains in the short or medium term, a third test in the major support and the price could come up in search of the break, however, we must be very attentive to the implications that have the sudden movements of BTC, which affect the whole market, if the price of THET fails to hold the support, the price would come down to the first zone of demand located at 0.09210, where the price could find a recovery pullback and continue to rise, otherwise, our second demand zone is located at 0.07888, this zone represents the minimum historical THETA binance, so it should be an important buying zone.

As I always say, you have to be aware of the movement, invalidations can occur, there is no 100% reliable analysis, take your own precautions when trading.

You can follow me on Twitter: https://twitter.com/armijogarcia